Ramco Industries stock has cleared a 6-week, 17% deep Consolidation Base this week. Currently, the stock is trading around just 3% away from its ideal buy price of INR 274. The stock is offering investors an opportunity to get on board at the current price.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 7.59% away from the 10-week moving average.
In the last twelve months, Ramco Industries has rallied nearly 132.7% as compared to 58.7% for the Nifty500. It has a Relative Strength Rating of 73. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Ramco Industries can maintain this outperformance, it could make sense as a CANSLIM trade.
Another key part of the jigsaw is institutional sponsorship. Ramco Industries has an Accumulation/Distribution Rating of ‘A-‘. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Ramco Industries has an excellent EPS Rank of 88, which indicates consistency in earnings. The earnings and sales for the stock have grown by 5% and 3%, respectively over the past three years. Its 3-years earnings stability is 9, on a 0 to 99 scale (lower the better). Over the past five years, the sales for the stock have grown by 4%; however the earnings growth remained muted at -3%. The 5-years earnings stability is 11. The return on equity for the last reported year is 5%.
The current price of Ramco Industries is -4% off from its 52-week high price and 170% above its 52-week low price. The stock belongs to the industry group of Bldg-Constr Prds/Misc, which is exhibiting excellent strength in the current market environment. The current industry group rank is 31.
The stock appears on our idea lists: Growth 50, Trend Template – 5 Months.
Timken India Ltd Stock
Timken India Ltd stock has cleared a 10-week, 17% deep Cup With Handle Base this week. Currently, the stock is trading around just -1% away from its ideal buy price of INR 1410. The stock is worth watching at the current price level.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 5.19% away from the 10-week moving average.
In the last twelve months, Timken India Ltd has rallied nearly 62.7% as compared to 58.7% for the Nifty500. It has a Relative Strength Rating of 54. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Timken India Ltd can maintain this outperformance, it could make sense as a CANSLIM trade.
Timken India Ltd stock has a strong institutional support. The Accumulation/Distribution Rating of ‘B’ represents heavy institutional buying over the past few weeks. Although the number of institutions holding the stock dropped in the last quarter, the number of shares held by the institutions increased at the same time.
On the earnings front, Timken India Ltd has an EPS Rank of 62, which is okay but fails to impress a growth stock investor. The earnings and sales for the stock have grown by 28% and 4%, respectively over the past three years. Its 3-years earnings stability is 17, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 18% and 10%, respectively. The 5-years earnings stability is 16. The return on equity for the last reported year is 17%.
The stock belongs to the industry group of Machinery-Tools & Rel, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 48. The current price of Timken India Ltd is -4% off from its 52-week high price and 87% above its 52-week low price.
The stock appears on our idea lists: Trend Template – 5 Months.
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